Printer Friendly
The Free Dictionary
970,802,243 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

LIFO

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia, Hutchinson 0.10 sec.

(Last In-First Out) A queueing method in which the next item to be retrieved is the item most recently placed in the queue. Contrast with FIFO.

LIFO - stack
?Page tools
Printer friendly
Cite / link
 Email
Feedback
? Mentioned in ? References in periodicals archive
 
In this consolidated case, the taxpayers owned a group of four S corporations that had used the link-chain, dollar-value method of valuing LIFO inventory for at least 10 previous tax years.
Change in accounting method vs. correction of an error by Schuth, Michael R. / The Tax Adviser
Boyle submitted the following letter to Senators Charles Grassley and Max Baucus, Chair and Ranking Member of the Senate Finance Committee, respectively, urging retention of the LIFO method of accounting.
TEI urges retention of the LIFO inventory method by Tax Executive
The 2006 fiscal year financial results include in cost of sales a pre-tax LIFO expense amount of $94.
Reliance Steel & Aluminum Co. Reports Record 2006 Fiscal Year ... by Business Wire
More results
 
Encyclopedia browser? ? Full browser
 
 
Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.